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Daniel Gilbert Net Worth

Daniel Gilbert Net Worth

Net Worth: $7.27 Billion

Statistics
  • Source of Wealth Quicken Loan, Lake Erie Monsters, Cleveland Cavaliers, Cleveland Gladiators, Canton Charge
  • Birth Place Detroit, Michigan, United States
  • Marital Status Married (Jennifer Gilbert)
  • Full Name Daniel Gilbert
  • Nationality United States
  • Date of Birth January 17, 1962
  • Ethnicity Caucasian
  • Occupation Businessman, CEO
  • Education Wayne State University, Michigan State University
  • Children 5
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About Daniel Gilbert

American businessman Daniel Gilbert has an estimated net worth of $7.27 billion as of July 2017, according to Bloomberg. Gilbert is actually named by Forbes as one of the 500 richest businessmen in the world. He is known as the founder of Quicken Loans.

Most of Gilbert’s wealth is derived from Quicken Loans, the largest lending company available online. In 2012, Quicken Loans has shown massive growth after closing $70 worth of loans as compared to $30 billion loans in 2011.

In addition to Quicken Loans, Daniel Gilbert is also increasing his net worth with his acquisition of the NBA franchise Cleveland Cavaliers. He is also a majority owner of Lake Erie Monsters (American Hockey League), Cleveland Gladiators (Arena Football League) and Canton Charge, an NBA Development League.

It was in 1985 when Rock Financial was founded by Gilbert, together with Lindsay Gross and Gary Gilbert. The company later became the largest independent mortgage lender in the US. In late 1990s, the company’s internet strategy was launched and it became the fastest growing direct mortgage lender in the web.

When Intuit Inc. acquired Rock Financial in 2000, the company’s name was changed into Quicken Loans. Later on, it grew into a leading provider of direct-to-consumer home loans on the web serving 50 states. Currently, Daniel Gilbert serves as the Chairman of Quicken Loans.

Daniel Gilbert is married to his wife Jennifer Gilbert. He has five children and they currently live in Michigan.